Dividends per shareLightfoot Inc., a software development firm, has stock outstanding as follows: 38,000 shares of cumulative preferred 1% stock, $135 par and 101,000 shares of $145 parcommon. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $66,000; third year, $72,000;fourth year, $115,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answersin the questions below.XOpen spreadsheetDetermine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year,enter "0".Preferred stock (dividends per share) $Common stock (dividends per share) $1st Year$$2nd Year$3rd Year$$4th Year FileB225678910111214151617Home1 ~252627Par valueCommon stock:InsertCumulative preferred stock:Shares outstandingDividend right1st year2nd yearArialX ✓ fx3rd year4th yearShares outstandingPar valueDividends distributed:A1Dividends per share2 Lightfoot Inc., software development firm, has stock outstanding and dividends distributed as follows:1819202122 Preferred stock23Common stock24DrawPage LayoutDATA10Formulas1st Year1st YearB 68 - A38,0001%$135Data101,000$145$33,000$66,000$72,000$115,000сReview2nd YearView Help2nd YearEvabDividends Per Share+Using formulas and cell references, perform the required analysis, and input your answers into the Dividends Per Share columns. Transfer the numeric results forthe green entry cells (B22:E23) into the appropriate fields in CNOWV2 for grading.FormulasEditingCurrencyD3rd Year$ ✓3rd Year500000E4th Year4th YearFεν τουCommOv

Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 38,000 shares of cumulative preferred 1% stock, $135 par and 101,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $66,000; third year, $72,000; fourth year, $115,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers. in the questions below. X Open spreadsheet Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0". Preferred stock (dividends per share) $ Common stock (dividends per share) $ 1st Year $ $ 2nd Year $ $ 3rd Year $ $ 4th Year

Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 38,000 shares of cumulative preferred 1% stock, $135 par and 101,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $66,000; third year, $72,000; fourth year, $115,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers. in the questions below. X Open spreadsheet Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0". Preferred stock (dividends per share) $ Common stock (dividends per share) $ 1st Year $ $ 2nd Year $ $ 3rd Year $ $ 4th Year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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